2388 Bella RdgCovingtonKY41017
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing2388 Bella Rdg, Covington, KY, 41017 in Covington is a stable, well-positioned rental at $397,500. Rental yield 6.5%. DSCR 1.21 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $109,822 in value and $3,661/yr in principal paydown builds equity, a total projected return of $133,529.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 7.2% |
| Monthly Cash Flow | $(495) | $850 |
City averages based on Covington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,154 |
| Total Monthly Debt Service | $2,261 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41017, Ft Mitchell, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,627 (100%) |
| Owner Occupied HU | 12,734 (72.2%) |
| Renter Occupied HU | 4,171 (23.7%) |
| Vacant Housing Units | 722 ( 4.1%) |
| Median Home Value | $345,230 |
| Average Home Value | $386,117 |
Housing Distribution
Address Breakdown
Residential
17,416
Single Family
14,438
Multi-Family
2,978
Businesses
1,241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices